The recent meeting of the BRICS in South Africa, or to give its full title – The BRICS Partnership for Global Stability, Universal Security, and Innovative Growth – witnessed its substantial enlargement, from the initial five countries of Brazil, Russia, China, India, and South Africa to 12 countries. The enlarged BRICS now includes the UAE,...Read More

GPI Associate Director and Senior Fellow, Dr Michael Lloyd, will speak at an upcoming Z/Yen webinar on “Global Financial Challenges – The Role Of Central Bank Digital Currencies“, which will be live streamed on the 15th of March 2023 from 11:00 to 11:45 GMT. This is a free event and you can register for the...Read More

This article was originally published by the Digital Pound Foundation. Central bank digital currencies (CBDCs) – a digital form of central bank-issued fiat currency – have seen explosive growth in interest over the past four years. At the start of 2023, 114 countries, representing 95% of global GDP, are currently exploring CBDC, of which 60 are in...Read More

This article was originally published by Z/Yen. There is much discussion about trust in money these days, especially, towards the end of 2022, in relation to crypto-currencies and to some stablecoins. Indeed, money, though intangible, is all about trust. This is true whether we are discussing private money or public money. However, beyond trust per se, the...Read More

The article (link) examines the rationale behind the exploration by the vast majority of the world’s central banks of introducing central bank digital currencies (CBDCs). The phenomenon is discussed in the context of a number of key issues: a) the main drivers of central bank interest, b) the crucial role of public money in supporting...Read More